Accounting Today

MARCH 26, 2024

Taxpayers are accessing the IRS website much more this year than last to find the answers they need, with more than 410 millions visits through March 15.

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Tax 351

Xero

MARCH 26, 2024

We recently announced that we’ll be retiring the older version of our invoicing product — classic invoicing — on 2 September 2024. We know you have plenty of questions and concerns about this change, so we thought we’d share an update on what’s happening behind the scenes. The good news: our teams are busy building a new invoicing product that is going to give you far more flexibility and customisation in the future, with beautiful checkout experiences and unlimited payment methods.

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Fidesic blog

MARCH 28, 2024

If you are using Microsoft Dynamics GP and moving to Dynamics 365 Business Central, Dimensional Accounting is one of the major differences you will encounter in your accounting processes. Dimensional accounting has become a standard process available in many contemporary accounting software and ERP solutions. In this post we give a basic definition of Dimensional accounting and then give a rundown on how Business Central Dimensional accounting is different from Dynamics GP processes.

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Accounting Software Accounting Accounting Accounts Payable 245

Intuit

MARCH 27, 2024

Intuit has joined forces with The Farmlink Projec t , a nonprofit organization dedicated to redirecting unsold fresh produce to underserved communities. The joint initiative resulted in over 8 million meals delivered to communities in Los Angeles and prevented over 9 million pounds of food from going to waste since 2023. In addition, more than 13,000 tons of CO2e emissions have been avoided since 2023 with this collaboration, which is equivalent to taking almost 3,000 gasoline-powered vehicles o

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Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

Accounting Today

MARCH 25, 2024

The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, "Return of Partnership Income," and ways to avoid them.

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Tax 315

Accounting Department

MARCH 28, 2024

Efficient financial processes are essential for the success and growth of any business. However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations. This is where client accounting services come into play. In this blog post, we will explore how client accounting services (CAS) streamline financial processes for businesses, highlighting the benefits of outsourcing accounting functions to i

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Financial Reporting Invoice Processing Accounting Accounting 211

accountingfly

MARCH 29, 2024

Top Remote Accounting Candidates This Week Are you struggling to hire remote accountants? Accountingfly is ready to partner with you. With Always-On Recruiting , you can gain full access to a pool of highly skilled and experienced remote accountants. Plus, there’s no up-front cost! Below is a small selection of our available top accounting candidates this week.

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Accounting Today

MARCH 27, 2024

Is the age of the bookkeeper coming to an end? Is the payroll specialist an endangered species? Are the days of the tax preparer who focuses on basic 1040s numbered?

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Accounting Department

MARCH 23, 2024

We are thrilled to announce that Episode 15 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Accounting 255

Cevinio

MARCH 25, 2024

Welcome to “Knowledge as a factor of accuracy and productivity in accounts payable, the podcast” with Pavel Voronin, Knowledge & Training Lead at Cevinio [.

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Accounts Payable Accounts Payable Accounting Accounting 100

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

Insightful Accountant

MARCH 27, 2024

The Senate Finance Committee recently held a hearing to discuss Biden’s proposed budget and tax law changes and tax pros are now speculating what those proposals may mean for the rest of 2024.

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Accounting Today

MARCH 26, 2024

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and they support higher income taxes on people who make more than $400,000 a year by the same margin.

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Tax 288

Accounting Department

MARCH 27, 2024

Balancing the books in any retail enterprise can be a nerve-wracking task. For small business owners and retail managers, ensuring that cash in the register matches the sales receipts is not just about maintaining financial accuracy – it's the linchpin of trust in your business and a crucial safeguard against fraud or operational errors. This comprehensive guide takes you through the intricate yet critical process of cash reconciliation, offering you a clear path to financial vigilance, operatio

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Financial Reporting Accounting Accounting 189

Reconciled Solutions

MARCH 28, 2024

Is it time to start repaying your EIDL? Here's what you need to know about the deferment period coming to an end. The post Is it time to start repaying your EIDL? appeared first on Reconciled Solutions.

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Reconciling 90

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The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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Insightful Accountant

MARCH 26, 2024

Have you ever heard of one-piece flow? The concept of one-piece flow stands as a beacon of efficiency. Ben Coleman explains one-piece flow and how to apply it to our daily work routines.

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Accounting Today

MARCH 25, 2024

Time is running out for nearly 940,000 individuals to claim refunds from 2020, with a May 17 deadline approaching for filing the necessary tax returns.

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Tax 294

Cloud Accounting Podcast

MARCH 26, 2024

Professor Ed Ketz of Penn State joins the show to discuss audits' current state and future. We delve into the relevance of audits and explore the value of unqualified opinions in making audits meaningful. The discussion also touches on the overstandardization of audit reports and how this can lead to investor misunderstandings. Professor Ketz brings a unique perspective, sparking a debate on whether the existence of the unqualified opinion creates value rather than the content within.

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Invoicera

MARCH 25, 2024

Introduction Entering the 21st century, it’s hard to imagine that you can still conduct transactions without physical currency. That might not be the case in the future, though, as we move toward an era when traditional forms of exchange could become less common and businesses deal exclusively with digital transactions. A society without physical currency is becoming an inevitability as electronic payments and online money transfers become increasingly popular across the globe, particularly in u

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Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

Insightful Accountant

MARCH 25, 2024

While voting remains open for the 2024 Domestic (US & its Territories) ProAdvisor Awards, you only have one more week to cast your votes, the ballot box will close April 2, 2024.

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Accounting Today

MARCH 29, 2024

Plus, Settle offers three-way matching for purchase orders; Modern Treasury introduces Professional Services offering; and other accounting tech news.

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Cloud Accounting Podcast

MARCH 29, 2024

Blake and David look at the potential impact of AI on the accounting profession and discuss how AI tools like ChatGPT can boost productivity by automating tasks, improving communication, and assisting with problem-solving. They also examine the implications of these efficiency gains on the billable hour, predicting that firms will need to adapt their pricing strategies as a result.

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Accounting Accounting Bookkeeping 64

Outsourced Bookeeping

MARCH 29, 2024

An effective accounts receivable process is essential for preserving financial stability and a healthy cash flow in today’s changing corporate environment. Nevertheless, many businesses have difficulties that impede their efforts to manage AR, including resource limitations, inconsistent invoices, and late payments. Businesses are increasingly using accounts receivable outsourcing as a strategic strategy in response to these difficulties.

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Accounts Receivable Accounts Receivable Account Receivables Outsourced Bookkeeping 59

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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

Accounting

Insightful Accountant

MARCH 27, 2024

Bookkeepers need cloud computing, AI, and automation to enhance service levels. These tools enable quicker and more efficient completion of tasks, ultimately improving overall performance. Read more about it here!

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Bookkeeping Computation 99

Accounting Today

MARCH 26, 2024

The Massachusetts Society of CPAs released a report that identified widespread racial and ethnic disparities in the profession.

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Accounting Accounting 310

Plooto

MARCH 28, 2024

How did you end up in a role in technology? My journey into tech has been shaped by a profound interest in both financial systems and innovation. Over the past five years, I've been deeply entrenched in the dynamic landscape of the tech industry, particularly specializing in the realm of payments. However, my career trajectory has been far from linear, marked instead by a diverse array of experiences that have enriched my perspective.

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Jetpack Workflow

MARCH 28, 2024

Podcast Summary In this episode of the Growing Your Firm podcast, host David Cristello welcomes John Seiffer, a seasoned business owner and remote CEO, to discuss the concept of Output Thinking and its application in team management. John, a business coach and former president of the International Coach Federation , shares insights on how to make managing teams easier by focusing on visible, measurable outputs.

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Budgeting Accounting Accounting 59

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

Accounting

Insightful Accountant

MARCH 27, 2024

In our attempt to bring you more International Coverage welcome an "International Pro's Perspective". Sholto Macpherson brings a fresh perspective on the Accounting Tech.

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Tax Accounting Accounting 97

Accounting Today

MARCH 27, 2024

A negative outlook on work-life balance is one of the most important factors driving people away from the auditing profession.

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Auditing 305

Less Accounting

MARCH 26, 2024

The practice of keeping clean books for a small business not only streamlines operations but also fortifies a company’s standing with investors, creditors, and regulatory bodies. Yet, the task of bookkeeping, with its intricate details and the need for precision, can often become overwhelming, especially for small businesses and startups. This is where the significance of having an expert ally, like Less Accounting, becomes invaluable.

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Financial Records Bookkeeping Data Entry Record Keeping 59

Invoicera

MARCH 29, 2024

Introduction Small businesses offering professional services must invoice their clients frequently to get paid faster. Did you know? 61% of invoice late payments are the result of incorrect invoicing. Source: Amalto A service invoice must include all the necessary details to make a self-explanatory invoice. Including an itemized list of services, business transactions, last date for payments, and total balance is essential.

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Invoicing Billing Record Keeping Tax 52

Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase

ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract. Join us for this webinar when Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting explore how to approach capitalizing sales commissions under ASC 340-40.

Accounting